By David MorganOil is the lifeblood of the industrialized nations and it has become the world's most important source of energy. Its products underpin modern society, mainly supplying energy to power industry, heat homes and provide fuel for vehicles and airplanes to carry goods and people all over the world.Learn more and become an insider for The Morgan Report, click link below...http://www.th...Read More
Friday's holiday-shortened session provided ample time for bulls to get their butts kicked. It's unusual to see stocks get whacked the day after Thanksgiving, but perhaps such occurrences will become the norm as this bear market unfolds. If it proves to be as extraordinary as the bull market that preceded it, we shouldn't be surprised to see bad days that are uglier than even old-timers can reme...Read More
One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which have historically negative correlations with others all rose more-or-less in lock-step. And within asset classes, the big names behaved the same way, rising regardless of their relative valuation.This seemingly indiscriminate buyi...Read More
Prices for steel billet dropped in most global regions last week, due to a return of Chinese producers to the export market and uncertainty in the scrap markets.The scrap market in Turkey declined, with increased fears of a change in the raw material's price trend.Fastmarkets' daily price index for HMS 1&2 (80:20) of Northern Europe origin reached $320.33 per tonne cfr Turkey on Friday November 23...Read More
Say the wrong things and you might get kicked off of your favorite social media platform.Continue...Read More
Prices for steel billet dropped in most global regions last week, due to a return of Chinese producers to the export market and uncertainty in the scrap markets.The scrap market in Turkey declined, with increased fears of a change in the raw material's price trend.Fastmarkets' daily price index for HMS 1&2 (80:20) of Northern Europe origin reached $320.33 per tonne cfr Turkey on Friday November 23...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists for six or so months, sometimes it ends before the snows do. But either way it's more fun than the rest of the year. This pattern repeats because Asians like to give gold and si...Read More
By Avi GilburtI have been getting such a chuckle from the market of late.As the market made its way down to our 2600 target region towards the end of October, more and more market participants and analysts became more and more bearish. In fact, the bearishness was palpable as we approached 2600SPX.However, our analysis suggested that the market should bottom in the 2600SPX region, and begin a co...Read More
By John MauldinUnderstated ProblemEndless GuaranteesComorbid CrisesHouston, Puerto Rico, Cleveland, and Boca RatonThe selloff in GE is not an isolated event. More investment grade credits to follow. The slide and collapse in investment grade debt has begun... (and later) Don't be fooled by bond prices holding up, because trading volumes are down. There are fewer bids in the market, and the dispe...Read More
By Steve St. AngeloWhile the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. Or rather, a basic minimum price level. I get a good laugh when I read analysts suggesting that the gold price will fall back to $450-$700. For the gold price to fall back to $450, then we would need to lose 95+% of global gold mine...Read More
By David MorganOil is the lifeblood of the industrialized nations and it has become the world's most important source of energy. Its products underpin modern society, mainly supplying energy to power industry, heat homes and provide fuel for vehicles and airplanes to carry goods and people all over the world.Learn more and become an insider for The Morgan Report, click link below...http://www.th...Read More
Friday's holiday-shortened session provided ample time for bulls to get their butts kicked. It's unusual to see stocks get whacked the day after Thanksgiving, but perhaps such occurrences will become the norm as this bear market unfolds. If it proves to be as extraordinary as the bull market that preceded it, we shouldn't be surprised to see bad days that are uglier than even old-timers can reme...Read More
One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which have historically negative correlations with others all rose more-or-less in lock-step. And within asset classes, the big names behaved the same way, rising regardless of their relative valuation.This seemingly indiscriminate buyi...Read More
Investing.com - Bitcoin was trading at $3,679.2 by 15:42 (10:12 GMT) on the Investing.com Index on Sunday, down 20.34% on the day. It was the largest one-day percentage loss since Wednesday, January 14, 2015.The move downwards pushed Bitcoin's market cap down to $63.9B, or 54.51% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.Bitcoin had traded in a r...Read More
Investing.com - This week precious metals traders will be focusing their attention on Thursday’s minutes of the Federal Reserve’s latest meeting, the dollars response to the Fed policy outlook and Friday’s looming U.S.-China trade talks.U.S. President Donald Trump is due to hold talks with his Chinese counterpart Xi Jinping on the sidelines of the upcoming G20 summit in Buenos Ai...Read More
Investing.com - This week investors will be focusing their attention on Friday’s planned meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the upcoming G20 summit.Market watchers are hoping that talks between the pair could lead to a ceasefire in the trade war between Washington and Beijing.Investors will also be awaiting the release of the minutes from th...Read More
A dividend of 0.35p (US0.45c) per share for the financial year ended June 30, 2018, was approved by an overwhelming majority at the company's annual general meeting on November 23.It will be paid out on November 30 to shareholders on the register on October 19.The company previously reported a net profit of US$11 million for the financial year, up 24% year-on-year, with group EBITDA also up 21% to...Read More
Bob Moriarty ArchivesNov 26, 2018We appear to be in an instant repeat of the financial events of 2008. I am seeing forced liquidity across the board where individuals and funds are dumping whatever is the easiest to get rid of just to get more liquid. In the last two months crude has fallen off a cliff going from about $77 a barrel to about $50. Junior resources companies have fared no better as m...Read More
Will GE be the proverbial "black swan?" - It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody's downgraded GE's short term credit rating to a ratings level (P-2) that prevents prime money market funds from investing in commercial paper. Commercial paper (CP) is an important source of short term, low-cost, liquid funding for la...Read More
A selection of uncut and unpolished emerald crystals from the Coscuez Mine, Colombia. Source: Fura Gems Inc.Fura Gems Inc. [FURA-TSXV; FUGMF-OTC; BJ43-FSE] said Monday November 26 that it is proceeding with a $5.25 million private placement that will be used to fund development of the company's emerald and ruby assets in Colombia and Mozambique.Fura is a member of the Forbes & Manhattan Group,...Read More